Wealth Quarterback LLC Has $2.75 Million Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Wealth Quarterback LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 56.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,980 shares of the company’s stock after purchasing an additional 3,962 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up approximately 1.0% of Wealth Quarterback LLC’s investment portfolio, making the stock its 19th largest position. Wealth Quarterback LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MTUM. Raymond James Financial Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 4.1% during the third quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after buying an additional 120,851 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 7.4% in the third quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock valued at $339,023,000 after acquiring an additional 90,841 shares during the last quarter. Bank of America Corp DE grew its position in shares of iShares MSCI USA Momentum Factor ETF by 8.3% in the 3rd quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock valued at $317,742,000 after acquiring an additional 94,881 shares during the period. State of Michigan Retirement System grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1.4% in the 3rd quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock valued at $313,764,000 after acquiring an additional 17,400 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.6% during the 3rd quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock worth $295,418,000 after purchasing an additional 29,230 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $230.77 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $171.51 and a 52-week high of $262.10. The stock has a market cap of $16.85 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm’s 50-day moving average is $250.34 and its 200-day moving average is $251.65.

iShares MSCI USA Momentum Factor ETF Profile

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.